Mike Tyson has declared bankruptcy 13 years ago but it appears that he is currently doing well because he was able to purchase a $2.5 million mansion in Las Vegas, Celebrity Net Worth reported.

Apparently, the Kid Dynamite succeeded to overcome the financial issues in his life since he wasn't very good with his money despite earning millions per fight. It is said that he grossed around $300 million during the time when he was still fighting on the ring. He went broke in 2003, declaring that he has $23 million debts.

"I'm totally destitute and broke. But I have an awesome life; I have an awesome wife who cares about me. … I'm totally broke. I had a lot of fun. It [going broke] just happened. I'm very grateful. I don't deserve to have the wife that I have; I don't deserve the kids that I have, but I do, and I'm very grateful," Tyson said during an interview with the Ellen DeGeneres Show about being broke.

But these days, things are getting better since he has a role in "Hangover" movies, a reality show based on him and his pigeon collection on the "Animal Planet," and a cartoon dubbed, "Mike Tyson Mysteries" that is part of Adult Swim on the Cartoon Network.

Tyson's new house has an area of 10,000 square feet which features six bedrooms, 6.5 bathrooms, and a stunning master suite. Iron Mike and his family lives in the same neighborhood, on a 7,500 square foot home. The home has an outdoor grill, a beautiful swimming pool, an outdoor fireplace, lush landscaping, marble flooring and a grand entry. Its bathroom is very spacious that fits for a king.

It appears that they bought the new property because its deal is too could to decline or Tyson just wants a better place as an investment. Way back in 2015, Mike Tyson had announced his plans of launching a new bitcoin ATM. He had tweeted the website name where you will find more about his bitcoin venture.

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Tyson's net worth is $1 million an since he was able to afford the house, he might be looking forward to sell his other house which is currently listed on the market for $1.5 million, Mirror reported.